Double-digit oil is a welcome sign, not a harbinger of deflationary doom, says Reuters Breakinviews. Plus, European defence wakes up to a new reality.
So oil breaking through a big psychological price -- the price of a power of Brent. But let 100 dollars today the first time in sixteen months a harbinger of deflationary doom. That's off scab breaking news or -- I'm in Campbell has written this piece and -- yet. So from my re -- -- he doesn't see this is an Agassi if -- thing he calls a good disinflation. I'm on about real -- you know that. Going up as a bad thing going down as good thing or is it the other way around the middle work it out and TI remember ever early in my current thinking you know the attack. You know a rising oil price was a good sign. According to conventional economic thinking because it meant there was more demand in the world economy the world economy was was getting back to. Everybody act as a as a as a signal of what's going on on the geopolitical from Barrett's edited it that's also this and the interest in part of this because. Oil is four ruling justice tension in the Middle East and Russia is rising. I don't usually -- to -- -- This is so the economics which are always feel a little bit topsy turvy this time around seems to have some -- voted themselves -- ten. So the point here is that yes the possible news falling. But -- and I said his -- wholeheartedly is saying that. This is not a bad sign as might be fools. Because the fact is the top playing into the falling share price. Marmol -- pick up. That and those tensions to which you refer problems to -- -- very -- Kelly those -- will sort of withdrawal of Q is there is less money sloshing around. The world economy and got to be practical whose shot no big thing in the in in Europe yet. But clearly very important to be the US dynamic in the dynamics. -- miles west -- -- bottom line is that you know we can be. Happy about -- falling price of oil because it is not suggesting. That it's the world economy is on its last legs. It's a lubricant I think as he says rob them. A harbinger of them. FISA and I think I think also. What's in seeing is as we will add. I'm analysts feel the price now walk. When things if things settle down in the Middle East coming powerless we get. Well. I don't know where does it when it doesn't become dangerous -- just that if the Canadiens to. You -- -- folk off to someone brought the nine months that is is dangerous tactic you have future is concerned. But it's common. I. Think you know -- a hundred dollar oil. Very broadly is something that's hit this -- so we might get oil price in the nineties pop team in the eighties but I think you know about it. For rival or thirteen dollar on. It's a big bite out but I that's part of because the big produces such as Saudi Arabia. Need oil prices. Near 100 level and so in my that numbers stack up and of course. The cartel is important to -- and in the oil is produced. One just mentioned night I was going ahead and others increase that that you guys put out today on defense budgets European defense -- piece by at a school prom. The peace dividend is shrinking. He he says the beginning of this priest should defense set to share prices are reflecting this new reality as well. I mean clearly that's the sense to subject him to London want to sort of picked take in the wrong why -- and it is clear from nighttime told that. I'm from -- spending of particularly countries in Europe is now spending more on defense. And defense companies BIE eight holidays and at boss. Clearly. And well they've they've had a hard time in the costs. Very out going to be today goods and services are going to be in a more in demand in the stock market seems to be reflecting that time cobra thing. -- -- this -- -- goes on britney's sudden gonna do are bringing you special by the way relates -- on Scotland. Tom. George Tenet will be in this year without -- -- Jay -- it comes up next Arroyo says the US Arizona told studies and Simpson petty BST I'm -- of trouble as is --